Silver or Platinum Instead of Gold?

When and why to choose silver and other alternatives to gold. For me, there's a very specific point silver becomes a viable alternative to gold, and it has nothing to do with common hype or basic GSR advice. I give a few reasons I'm not currently buying silver or platinum and explain when that might change. Cheers!

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I buy gold and other assets on a dollar cost average schedule and then buy more as price and interest allow. If you want to know more about buying gold coins, that is my primary focus here. I talk a bit about cryptocurrency, mining stocks and other equities as well. Cheers!

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Disclaimers: I am not a financial planner. I'm just a guy on the internet, talking about precious metals. This is for entertainment only. Who isn't entertained looking at gold coins? As an Amazon Associate I may earn commissions from qualifying purchases. Any potential compensation I earn will not negatively affect your purchase. Thank you!

[MRnostate]

I currently like silver and platinum. Gold is at about 93% of it's all time high. Silver is at about 45%. Platinum is around 40%.

Also in my limited experience the premiums on silver can be partially recovered when selling. Dealers are paying above spot.

[aromachocolates]

Question: Why no gold bars? Can you do a video on the pros and cons of bars vs. coins?

[rjones]

Silver, as you’ve mentioned before, gets heavy and takes up a lot of room for the value. But, if you’ve stacked anything at this point, we’re all ahead of most people.

[goldeneraarchives]

what a lot of people don't recognize is the silver supply isn't low because we're running out of silver. It's low because silver is not very profitable to mine and the demand can be filled through being a byproduct of mining for other metals. The years silver did go up we saw a dramatic increase in mine production as well, driving the price back down.

I think it's a healthy purchase if you go with the mentality of being okay with holding it for 30+ years, maybe giving it to your kids. Or as a shtf scenerio. To those buying speculatively thinking there's going to be some massive shortage and they will 10X, they're going to be very disappointed.

[timgunn]

Great job on your thought into this and comparisons of premium

[FromAmericaToJapan]

I have 4 ounces of platinum, 2 of them being platinum Eagles which I love. Also I finally got my first gold buffalo. 2022 year. It’s beautiful. Picked it up from my coin dealer last week.

[hodl]

I enjoy your videos. I have stacked both silver and gold for a number of years. Several years ago the storage issues with silver caused me to give more preference to the purchase of gold. My GSR is 72.2 and I continue to work on getting it lower while continuing to stack less silver versus more gold. I also find the current premiums on silver to be excessive compared to the levels in the past.

[platinumgnome]

I have a fairly hefty stack of fractional platinum proof eagles, I must say they look very beautiful in my pile of gold . It's not for everyone but we buy what we like. Video was very nice .

[coctailer]

Really interesting thoughts. I never thought about the 1/10th oz gold vs 10oz silver relationship.
I like that your channel makes me think, and challenges my own beliefs.

[SalivateMetal]

Premium and budget play a huge role for sure. Hard to beat gold all around. Great thoughts sir.

[TheQuickSilver]

I do and always have loved the look of silver. I used to like the price point too but I don't like the premiums. I have a lot of silver but other than a few collector coins I haven't bought any in over a year due to those premiums. I don't see myself buying any until the premiums pull back more. I own no platinum and don't expect that I ever will (in spite of its rarity) since it's not a monetary metal. I will keep buying gold, though. Since I'm here I guess that goes without saying. 🙂

[kevinsingleton]

Silver and Platinum in the UK attract VAT (value added tax) at 20% were as Gold is VAT free and The Royal Mint coins are also Capital Gains tax free so Gold is the metal that is most tax effective for me. Love the channel and great discussions of current markets.

[floridastacker]

I picked up a 1/10th AGE again yesterday and the premium was lower than that of a 10oz bar for sure. There are a few 10oz bars in the $260-$270 range which aren't bad - but they aren't the bars I like to stack.

[phillipkirk]

Hi from Australia! Love your vids man! Keep up the good content.

[rogerwilco]

I've switched to 1 oz gold coins because the premiums for everything else are insane

[markbaserman]

I stack gold and platinum equally. I got out of silver completely; takes up too much space.

[northernmichigan]

Currently I have the gold bug, can't get enough. Taking a break from silver.

[craigjones]

Your point is spot on. Pun intended 😃. I stopped buying silver a year ago cause it just doesn't make sense to me. Gold is still my main target. Thanks 2/1.

[nick]

Good call re: 1/10 eagles vs bars. The premium is nuts these days. I will say I have started buying platinum. In 2008 platinum was around $2, 273 and in 2011 dropped to $1887. Right now it’s sitting at around $950. All for 1oz size. I think platinum is potential for some upswing so starting to stack some platinum as well. Too bad platinum is now used in cat converters now so price might not go up as high, but I feel it fits in. Pladium has its place for sure. Just my opinion. Once again great video with lots of food for thought.

[americanpatriot]

Love the tenth and quarter ounce gold to silver comparison! I never thought of it that way, but it makes total sense. I mostly have silver, but I do have about 5% of my stack in gold, and a few ounces of platinum. I bought most of my silver when I could get it for 16-22 bucks out the door. I bought most of my gold when it was anywhere from $1, 100-1, 300 out the door. Bought a few ounces of platinum when I could get it for $900. When I say out the door, I mean premiums and all. Wish I bought more when I was younger and gold was $350 an ounce, and you could get an ounce of silver for less than 10 bucks! When I first entered the work force those were the prices. I didn't anticipate gold going up to over $2, 000 an ounce. Or I would have bought MUCH MORE! Only bought ten ounces of gold, and 100 ounces of silver back in the early 2, 000's. After that I spent my money on girls and fun!😁 I didn't wake up and start buying more until 2018. Which even now I look back and wish I bought more gold, silver, and platinum! I still buy these days when I see a dip in prices. Definitely try to get things that will have a numismatic value in another 20 years. Either way precious metals are one of the best investments I ever made!! Along with real-estate, which definitely paid off. I'm saving my stack for retirement, or if the value of the dollar totally crashes. Kind of like what's happening now. But to anyone that read this comment to the end. Remember to buy yourself shelf stable foods. Things aren't looking good in that department. Get it now while you can. I suggest learning how to put rice and beans sealed in mylar bags with DT earth and oxygen absorbers in five gallon buckets. Once you have a good six months of rice and beans, get some freeze dried food. It's guaranteed to have a 25 year shelf life, I like Nutrient Survival. It's packed with all the vitamins and minerals you need, and it tastes good. Anyone interested in buying it let me know? I don't have any affiliation with them. But I do have a 10% promo code that I got from one of my favorite YouTube channels, Tactical Rifleman. EVERYTHING is going up in price, especially freeze dried food. Because of it's long shelf life, and convenience. If anyone is interested, respond to this comment and I will give you the promo code. Take care everyone! Keep stacking!!!🇺🇸🇺🇸